S00395 Summary:

BILL NOS00395
 
SAME ASNo Same As
 
SPONSORLANZA
 
COSPNSR
 
MLTSPNSR
 
Amd §440, RP L
 
Defines a real estate team as two or more persons associated with the same real estate brokerage who hold themselves out or operate as a team.
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S00395 Actions:

BILL NOS00395
 
01/09/2019REFERRED TO LOCAL GOVERNMENT
03/04/20191ST REPORT CAL.202
03/05/20192ND REPORT CAL.
03/06/2019ADVANCED TO THIRD READING
06/20/2019COMMITTED TO RULES
01/08/2020REFERRED TO LOCAL GOVERNMENT
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S00395 Committee Votes:

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S00395 Floor Votes:

There are no votes for this bill in this legislative session.
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S00395 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           395
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 9, 2019
                                       ___________
 
        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
 
        AN ACT to amend the real property law,  in  relation  to  defining  real
          estate team

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 440 of the real property law is amended by adding a
     2  new subdivision 7 to read as follows:
     3    7. "Team" means two or more persons, one of whom must be an  associate
     4  real  estate broker or real estate salesperson, associated with the same
     5  real estate brokerage who hold themselves out or operate as a team.
     6    § 2.  This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03485-01-9
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